Thor Explorations – A Maiden Resource Estimate At Douta, A New Discovery At Mansa, And An Operational Update At Segilola

Shad Marquitz
December 1, 2021

Segun Lawson, President and CEO of Thor Explorations (TSX.V:THX – US:THXPF), joins us for an exploration and operations update. We start off discussing the recent news release from November 17th on the Maiden Mineral Resource Estimate for the Makosa Deposit, which is located in the southern portion of the Douta Gold Project in Senegal.  In addition, at the end of the exploration program their geological team still had room for a few extra drill holes to test a new target, and it was just announced that the Company made a new mineralized discovery at the Mansa Prospect.



Next we shifted focus to review the move into commercial production at the Segilola Gold Project in Nigeria, and how after a few initial teething slowdowns in October, that things are now moving along at the expected metrics.   The Company has made it up to nameplate ore throughput, with an average head-grade of 4 g/t, an AISC under $700 per ounce, and target production guidance for 2022 of 90,000 – 105,000 ounces next year.


If you have any questions for Segun regarding the ongoing work at Thor Explorations please email us at either or


Click here to read over the recent news out of the Company.

    Dec 01, 2021 01:42 PM

    (THX) (THXPF) Thor Explorations Announces Third Quarter 2021 Financial And Operating Results For The Three And Nine Months Ended September 30, 2021

    – November 30, 2021

    Dec 01, 2021 01:26 PM

    Prices have been gyrating in the conventional markets. We are starting to see down days happening with more rapidity. Who can decide what a reasonable valuation is in the conventional markets. The financial community doesn’t see the problems, they refuse to see the problems. They don’t want to see the problems because they are the problem. They don’t want to set their houses in order because like most people who are wrong they don’t want to admit to their failure. The worst of the prices is not over. Next week the tide of prices will recede once more. The sunny days are over, affluence is all about debt. The poisons are everywhere, seeping through the market system. DT